On September 9, 2021, Caroline D. Ciraolo moderates a panel entitled “Compliance Initiatives and Voluntary Disclosure Practice – Perspectives and Updates from Puerto Rico’s Hacienda and the IRS” for the American Bar Association Section of Taxation.

Description: In light of the current and anticipated increase in civil and criminal tax enforcement, and the new IRS campaign to address taxpayers who have claimed benefits through Puerto Rican residency programs, this panel reviews the history of Puerto Rico Acts 20 and 22, the use and abuse of these residency programs, potential civil penalties, current enforcement efforts, and potential paths to compliance, including a review of the current Voluntary Disclosure Practice. Panelists include key personnel within the Internal Revenue Service and Departamento de Hacienda de Puerto Rico.

Moderator:
Caroline Ciraolo, Kostelanetz & Fink, LLP

Speakers:
Daniel N. Price, IRS Office of Chief Counsel
Ladd C. Brown, IRS Office of Chief Counsel
Roxanna Santiago Ortiz, Hacienda
Angel Pantoja Rodríguez, Hacienda
Mildred Valentin Alvarez, Hacienda

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